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1464258

	registered interest
	date	18/05/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Events Industry: VAT
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if he will make an assessment in this financial year of what impact the current level of VAT being levied on ticket sales for cultural events is having on that industry; if he will make an assessment of the potential merits of reducing the VAT level thereon; and if he will make a statement.
	tabling member constituency	East Yorkshire
	tabling member printed	Sir Greg Knight
	uin	4489
	answer	answer is ministerial correction date of answer 24/05/2022 answer text VAT has been designed as a broad-based tax on consumption and the twenty per cent standard rate applies to the vast majority of goods and services, including tickets for cultural events. While there are exceptions to the standard rate, these have always been strictly limited by both legal and fiscal considerations. The Government keeps all taxes under review, but there are no plans to change the current VAT treatment on ticket sales.<p> </p><p>Tickets were within the scope of the temporary reduced rate of VAT for hospitality and tourism, which was introduced on 15 July 2020 to support the cash flow and viability of around 150,000 businesses and protect over 2.4 million jobs during the Coronavirus pandemic. This relief ended on 31 March 2022. It is right that as Coronavirus restrictions were lifted and demand for goods and services in these sectors increased, the temporary tax reliefs were first reduced and then removed in order to rebuild and strengthen the public finances.</p><p> </p> answering member constituency South East Cambridgeshire answering member printed Lucy Frazer question first answered 24/05/2022 12:59:31 answering member 4517 label Biography information for Lucy Frazer
	tabling member	1200 label Biography information for Sir Greg Knight

1544815

	registered interest
	date	23/11/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Remote Working
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, how many and proportion of people were working from home (a) one, (b) two, (c) three, (d) four and (e) five days a week (i) as of 16 November 2022 and (ii) in November 2021; if he will make an assessment of the potential impact of trends in the number of people working from home on the economy; and if he will make a statement.
	tabling member constituency	East Yorkshire
	tabling member printed	Sir Greg Knight
	uin	94692
	answer	answer is ministerial correction date of answer 28/11/2022 answer text According to ONS Annual Population Survey and Opinions and Lifestyle Survey data, the pandemic resulted in an increase in the proportion of workers that worked at least partially from home: from an average of 19 per cent of workers across 2019 to a peak of around 50 per cent in June 2020. This proportion fell to 30 per cent in November 2021. The latest data indicates that 38 per cent of workers were working at least partly from home in the period between 26 October and 6 November 2022.<p> </p>The long-term economic impacts of greater remote working are still highly uncertain. The Government is committed to supporting individuals and businesses to work flexibly. answering member constituency South Suffolk answering member printed James Cartlidge question first answered 28/11/2022 16:16:14 answering member 4519 label Biography information for James Cartlidge
	tabling member	1200 label Biography information for Sir Greg Knight

1665501

	registered interest
	date	17/10/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Protective Clothing: VAT
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if he will make an assessment of the potential merits of removing VAT on motorcycle air vests to help increase their usage.
	tabling member constituency	East Yorkshire
	tabling member printed	Sir Greg Knight
	uin	202903
	answer	answer is ministerial correction date of answer 20/10/2023 answer text <p>Whilst there are currently no plans to remove VAT on motorcycle air vests, the Government remains committed to ensuring the safety of motorcyclists. For example, motorcycle helmets, which satisfy the requirements of regulation 8(2) of the Personal Protective Equipment Regulations 2002, are zero-rated for VAT. Further information can be found here: <a href="https://www.gov.uk/guidance/protective-equipment-and-vat-notice-70123" target="_blank">Protective equipment (VAT Notice 701/23) - GOV.UK (www.gov.uk)</a></p><p> </p><p>VAT has been designed as a broad-based tax on consumption, and the twenty per cent standard rate applies to the vast majority of goods and services, including motorcycle air vests. While there are exceptions to the standard rate, these have always been strictly limited by both legal and fiscal considerations.</p><p> </p><p>VAT is the UK’s third largest tax forecast to raise £161 billion in 2023/24, helping to fund key spending priorities such as important public services, including the NHS, education and defence. In addition, this request should be viewed in the context of over £50 billion of requests for relief from VAT received since the EU referendum.</p><p> </p><p>The Government keeps all taxes under review.</p> answering member constituency Louth and Horncastle answering member printed Victoria Atkins question first answered 20/10/2023 15:57:42 answering member 4399 label Biography information for Victoria Atkins
	tabling member	1200 label Biography information for Sir Greg Knight

1491199

	registered interest
	date	20/07/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	NatWest Group: Individual Savings Accounts
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, pursuant to the Answer of 15 July 2022 to Question 34831 on NatWest Group: Child Trust Fund, what recent discussions his Department has had with representatives of the Financial Ombudsman Service on complaints regarding NatWest Junior ISA accounts, in the context of the Government's majority stake in NatWest Group.
	tabling member constituency	East Yorkshire
	tabling member printed	Sir Greg Knight
	uin	40742
	answer	answer is ministerial correction date of answer 05/09/2022 answer text <p>Treasury ministers and officials engage with stakeholders on a variety of issues. However, the Financial Ombudsman Service (FOS) is an independent non-governmental body. The independence of the FOS underpins its credibility, authority and value to consumers. Although the Government discusses a range of issues with the FOS it does not therefore seek to intervene in its decision making.</p><p> </p><p>The Government also no longer holds a majority stake in NatWest Group and manages its shareholding at arm’s length on a commercial basis through UK Government Investments Ltd (UKGI). UKGI's role is to manage the investment, not the bank itself. NatWest Group retains its own independent board and management team for strategic and operational decisions.</p> answering member constituency North East Bedfordshire answering member printed Richard Fuller question first answered 05/09/2022 07:17:40 answering member 3912 label Biography information for Richard Fuller
	tabling member	1200 label Biography information for Sir Greg Knight

1488516

	registered interest
	date	12/07/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Natwest Group: Child Trust Fund
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if he will take steps to ensure NatWest Group's compliance with current legislation in the administration of customers' Child Trust Fund accounts.
	tabling member constituency	East Yorkshire
	tabling member printed	Sir Greg Knight
	uin	34831
	answer	answer is ministerial correction date of answer 15/07/2022 answer text <p>Treasury ministers and officials engage with stakeholders on a variety of issues. However, how firms service their financial products is a commercial decision for firms in which the Government does not seek to intervene. Nonetheless, the Government is committed to reuniting all young adults with their Child Trust Funds (CTFs) and recognises the importance of ensuring that young adults can benefit from these funds as they reach adulthood.</p><p> </p><p>The Child Trust Fund Regulations do not require firms to provide access to money held in these accounts within a defined period of time upon maturity. However, UK banks’ and building societies’ treatment of their customers is governed by the Financial Conduct Authority (FCA) in its Principles for Businesses. This includes a general requirement for firms to provide a prompt, efficient and fair service to all of their customers.</p><p> </p><p>Any dispute arising between a bank and its customers is usually best resolved by the parties involved. I encourage all those affected to contact their bank’s customer complaints department. The Financial Conduct Authority’s rules require firms to properly investigate all complaints and, through ongoing supervision, it continues to monitor firms complaint handling processes.</p><p> </p><p>If customers remain unhappy with their bank’s response, they will be eligible to apply to have a further review conducted by the Financial Ombudsman Service (FOS) which provides a free, independent dispute resolution service for customers.</p> answering member constituency North East Bedfordshire answering member printed Richard Fuller grouped question UIN 34829 question first answered 15/07/2022 12:11:26 answering member 3912 label Biography information for Richard Fuller
	tabling member	1200 label Biography information for Sir Greg Knight

1488514

	registered interest
	date	12/07/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Natwest Group: Child Trust Fund
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if he will hold discussions with representatives of NatWest Group on ensuring that people are able to access their recently matured Child Trust Fund accounts; and if he will make a statement.
	tabling member constituency	East Yorkshire
	tabling member printed	Sir Greg Knight
	uin	34829
	answer	answer is ministerial correction date of answer 15/07/2022 answer text <p>Treasury ministers and officials engage with stakeholders on a variety of issues. However, how firms service their financial products is a commercial decision for firms in which the Government does not seek to intervene. Nonetheless, the Government is committed to reuniting all young adults with their Child Trust Funds (CTFs) and recognises the importance of ensuring that young adults can benefit from these funds as they reach adulthood.</p><p> </p><p>The Child Trust Fund Regulations do not require firms to provide access to money held in these accounts within a defined period of time upon maturity. However, UK banks’ and building societies’ treatment of their customers is governed by the Financial Conduct Authority (FCA) in its Principles for Businesses. This includes a general requirement for firms to provide a prompt, efficient and fair service to all of their customers.</p><p> </p><p>Any dispute arising between a bank and its customers is usually best resolved by the parties involved. I encourage all those affected to contact their bank’s customer complaints department. The Financial Conduct Authority’s rules require firms to properly investigate all complaints and, through ongoing supervision, it continues to monitor firms complaint handling processes.</p><p> </p><p>If customers remain unhappy with their bank’s response, they will be eligible to apply to have a further review conducted by the Financial Ombudsman Service (FOS) which provides a free, independent dispute resolution service for customers.</p> answering member constituency North East Bedfordshire answering member printed Richard Fuller grouped question UIN 34831 question first answered 15/07/2022 12:11:26 answering member 3912 label Biography information for Richard Fuller
	tabling member	1200 label Biography information for Sir Greg Knight

1342491

	registered interest
	date	30/06/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Flood Control: Red Diesel
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what assessment he has made of the effect of the removal of the right to use red diesel from April 2022 for flood risk management purposes on the cost of pumping operations by IDBs and others; what consultation he has had with those likely to be affected; and what steps the Government plans to take to ensure that future flood prevention activities are not compromised.
	tabling member constituency	East Yorkshire
	tabling member printed	Sir Greg Knight
	uin	24905
	answer	answer is ministerial correction date of answer 05/07/2021 answer text <p>The changes to the tax treatment of red diesel from April 2022 are designed to incentivise greater energy efficiency and the switch to more environmentally friendly alternatives in both the public and private sectors. The Government recognises that these changes may affect some public sector bodies, including Internal Drainage Boards, and Treasury officials met representatives from the drainage, water level and flood risk management sector to discuss these tax changes. The Treasury will discuss spending pressures that may arise in the public sector as part of the next Spending Review.</p><p> </p><p>The Government takes flood risk very seriously. That is why it has doubled the amount it invests in flood and coastal defences to £5.2 billion by 2027.</p> answering member constituency Saffron Walden answering member printed Kemi Badenoch question first answered 05/07/2021 13:45:22 answering member 4597 label Biography information for Kemi Badenoch
	tabling member	1200 label Biography information for Sir Greg Knight

1134573

	registered interest
	date	25/06/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Cash Dispensing: Rural Areas
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor for the Exchequer, what discussions he has had with banks on the potential effect on rural communities of the removal of free cash machines from high streets.
	tabling member constituency	East Yorkshire
	tabling member printed	Sir Greg Knight
	uin	268990
	answer	answer is ministerial correction date of answer 01/07/2019 answer text <p>The Government-established Payment Systems Regulator (PSR) is closely monitoring developments in ATM provision. The PSR regulates LINK, the scheme which runs the UK’s ATM network, and has used its powers to hold LINK to account over LINK’s commitments to preserve the broad geographic spread of the ATM network.</p><p> </p><p>LINK has put in place specific arrangements to protect free-to-use ATMs more than 1 kilometre away from the next nearest free-to-use ATM. LINK has also enhanced its Financial Inclusion Programme, increasing the funding available for free ATMs in the most remote rural and deprived areas of the UK.</p><p> </p><p>The wider banking and finance industry is committed to helping local communities identify and secure appropriate free access to cash for customers. Regarding specific discussions, Treasury Ministers and Officials have meetings with a wide variety of organisations in the public and private sectors as part of the process of policy development and delivery. Details of ministerial and permanent secretary meetings with external organisations on departmental business are published on a quarterly basis and are available at: <a href="https://www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-gifts-and-overseas-travel" target="_blank">https://www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-gifts-and-overseas-travel</a>.</p> answering member constituency Salisbury answering member printed John Glen question first answered 01/07/2019 15:28:36 answering member 4051 label Biography information for John Glen
	tabling member	1200 label Biography information for Sir Greg Knight

1346349

	registered interest
	date	13/07/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Cash Dispensing
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what steps the Government is taking to help ensure that (a) vulnerable people, (b) the elderly and (c) people living in rural areas continue to have access to cash.
	tabling member constituency	East Yorkshire
	tabling member printed	Sir Greg Knight
	uin	32286
	answer	answer is ministerial correction date of answer 19/07/2021 answer text <p>The Government recognises that cash is important to the daily lives of millions of individuals and businesses across the UK, including those who may be in vulnerable groups, elderly or living in rural areas.</p><p> </p><p>Therefore, the Government has committed to protecting access to cash for those who need it and ensuring that the UK's cash infrastructure is sustainable for the long term.</p><p> </p><p>The Government made legislative changes via the Financial Services Act 2021 to support the widespread offering of cashback without a purchase, which will allow shops and other businesses to offer a new form of cash withdrawal service to local communities.</p><p> </p><p>On 1 July, the Government published a consultation on broader legislative proposals to protect access to cash. These proposals seek to ensure that people only need to travel reasonable distances to pay in or take out cash, and that the right regulatory oversight for cash access is in place for the future. The consultation is available at: https://www.gov.uk/government/consultations/access-to-cash-consultation</p> answering member constituency Salisbury answering member printed John Glen question first answered 19/07/2021 08:30:37 answering member 4051 label Biography information for John Glen
	tabling member	1200 label Biography information for Sir Greg Knight

1437132

	registered interest
	date	01/03/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Cryptocurrencies
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what assessment he has made of the potential impact of the use of cryptocurrencies on tax receipts to his Department.
	tabling member constituency	East Yorkshire
	tabling member printed	Sir Greg Knight
	uin	132171
	answer	answer is ministerial correction date of answer 07/03/2022 answer text <p>The Government is committed to retaining its global leadership position in fintech and to creating a regulatory environment that allows people to use innovative technologies reliably and safely, while protecting against the risks of them being exploited by criminals.</p><p> </p><p>Businesses trading in or using cryptoassets are taxed on their trading profits. Where a person realises Chargeable Gains from increases in the value of cryptoassets, Capital Gains Tax (CGT) or Corporation Tax on Chargeable Gains may be due. If CGT applies, only Chargeable Gains above the Annual Exempt Amount are taxed.</p><p> </p><p>Cryptoassets can be easily acquired and transferred, including across borders, and while the blockchain provides a transparent and immutable record of transactions, it does not usually record the identity of the owners of cryptoassets. HMRC has developed its capability to take advantage of opportunities that the blockchain offers for forensic compliance work in order to identify those that have failed to declare their gains. HMRC continues to actively monitor the compliance risks as the use of cryptoassets develops.</p> answering member constituency South East Cambridgeshire answering member printed Lucy Frazer question first answered 07/03/2022 16:02:42 answering member 4517 label Biography information for Lucy Frazer
	tabling member	1200 label Biography information for Sir Greg Knight